Temasek Holdings Private Ltd Purchases 71,123 Shares of Talen Energy Corporation $TLN

Key Points

• Temasek Holdings has significantly increased its stake in Talen Energy Corporation (TLN) by 882.4%, owning approximately 0.17% of the company after acquiring an additional 71,123 shares.
• Several institutional investors, including Third Point LLC and NewEdge Advisors LLC, have also acquired substantial stakes in Talen Energy during the first quarter, with NewEdge increasing their position by 17,400.0%.
• Analysts are optimistic about Talen Energy, with several brokerages setting price targets as high as $380.00 and an average target of $326.08, with a consensus rating of "Buy."

Temasek Holdings Private Ltd lifted its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 882.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,183 shares of the utilities provider's stock after acquiring an additional 71,123 shares during the period. Temasek Holdings Private Ltd owned approximately 0.17% of Talen Energy worth $15,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Third Point LLC bought a new stake in shares of Talen Energy during the first quarter valued at approximately $116,807,000. American Century Companies Inc. increased its position in shares of Talen Energy by 39.9% during the first quarter. American Century Companies Inc. now owns 399,604 shares of the utilities provider's stock valued at $79,789,000 after acquiring an additional 113,995 shares in the last quarter. PointState Capital LP bought a new stake in shares of Talen Energy during the first quarter valued at approximately $75,148,000. Ameriprise Financial Inc. boosted its holdings in Talen Energy by 6,621.1% in the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider's stock worth $60,638,000 after purchasing an additional 299,143 shares during the last quarter. Finally, Philosophy Capital Management LLC boosted its holdings in Talen Energy by 7.7% in the first quarter. Philosophy Capital Management LLC now owns 193,788 shares of the utilities provider's stock worth $38,694,000 after purchasing an additional 13,788 shares during the last quarter. Institutional investors own 0.38% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TLN. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Raymond James Financial began coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday, July 18th. UBS Group set a $431.00 target price on shares of Talen Energy and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, Evercore ISI raised their target price on shares of Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday. Fifteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $354.29.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is owned by company insiders.

Talen Energy Price Performance

Shares of TLN stock traded up $1.90 on Friday, hitting $402.82. 201,158 shares of the stock traded hands, compared to its average volume of 1,176,476. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of 114.11, a PEG ratio of 2.77 and a beta of 1.89. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $410.00. The firm has a 50 day simple moving average of $350.99 and a two-hundred day simple moving average of $270.61. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million for the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Talen Energy Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.